Shares of Lycopodium (ASX:LYL) continue their upward trajectory, with them seeing a rise of as much as 4.4% to A$10.180, achieving their highest level since July 20.

The construction services provider has reported a yearly profit of A$46.8 million, up by 72.1% from the previous year.

This strong performance resulted in the company declaring a fully-franked final dividend of 45 Australian cents per share.

Furthermore, Lycopodium (ASX:LYL) anticipates a robust financial performance in fiscal year 2024.

This prediction follows a year wherein the stock of the company increased by 42.3% as of its last closure.

Lycopodium (ASX:LYL) is a construction services provider.